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CBI arrests retired OAS officer in Seashore chit fund scam

chit fund scam

Cuttack: The Central Bureau of Investigation (CBI) on Tuesday arrested a retired senior Odisha Administrative Service (OAS) Officer for his alleged involvement in the multi crore Seashore chit fund scam.

The arrested officer has been identified as Pradeep Kumar Hota.

The CBI sleuths arrested him from his residence in CDA sector- 6 here. Soon after his arrest, Hota was admitted to SCB Medical College and Hospital for treatment.

Hota is accused of extending undue favours to the Seashore Company while he was posted as Managing Director of APICOL (Agricultural Promotion & Investment Corporation of Odisha Limited).

A joint bank account of Hota had suspiciously received Rs 19.70 lakh between 2008 and 2011, CBI said.

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